Point72 Hong Kong Ltd Makes New $1.65 Million Investment in Molina Healthcare, Inc. (NYSE:MOH)

Point72 Hong Kong Ltd acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,666 shares of the company's stock, valued at approximately $1,649,000.

Other hedge funds also recently bought and sold shares of the company. Quantinno Capital Management LP raised its holdings in shares of Molina Healthcare by 300.7% in the 4th quarter. Quantinno Capital Management LP now owns 21,690 shares of the company's stock valued at $6,313,000 after purchasing an additional 16,277 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in Molina Healthcare during the 4th quarter worth $246,000. Man Group plc lifted its position in Molina Healthcare by 143.5% during the 4th quarter. Man Group plc now owns 41,273 shares of the company's stock worth $12,013,000 after acquiring an additional 24,323 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Molina Healthcare by 1.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 7,285 shares of the company's stock valued at $2,129,000 after acquiring an additional 79 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Molina Healthcare during the fourth quarter worth $547,000. Institutional investors and hedge funds own 98.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on MOH shares. Barclays boosted their price target on Molina Healthcare from $339.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Mizuho increased their price objective on Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research note on Wednesday, April 9th. Guggenheim started coverage on shares of Molina Healthcare in a research note on Wednesday, April 9th. They issued a "neutral" rating for the company. Robert W. Baird restated a "neutral" rating and issued a $375.00 target price (up from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Finally, Truist Financial lifted their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $365.38.

Molina Healthcare Trading Down 0.1%

Shares of MOH traded down $0.20 during mid-day trading on Monday, hitting $325.14. The company had a trading volume of 315,470 shares, compared to its average volume of 687,253. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $365.23. The business's 50-day simple moving average is $324.27 and its 200-day simple moving average is $308.22. The stock has a market cap of $17.62 billion, a PE ratio of 15.91, a P/E/G ratio of 1.06 and a beta of 0.63. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.96 by $0.12. The firm had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.73 earnings per share. Sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Insider Activity

In other Molina Healthcare news, Director Richard M. Schapiro sold 669 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total value of $214,414.50. Following the completion of the transaction, the director now owns 11,244 shares in the company, valued at $3,603,702. This represents a 5.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This represents a 5.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,169 shares of company stock valued at $28,520,995 in the last three months. Corporate insiders own 1.10% of the company's stock.

Molina Healthcare Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.